St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1887-01-13
BANK NOTES.
Annual Meetings of all the Banks.
The First National.

The annual meeting of the stock.
holders of the First National bank
was held Tuesday afternoon. There
was no special excitement aud old of
ficers were re elected as follows:
Directors-Luke p. Poland, Horace
Fairbanks, Franklin Fairbanks, Sum
ner S. Thompson, Charles w. King
Angus H. Mcleod, A. E. Rankin.
The organization was completed as
follows:
President, Horace Fairbanks; vice
president, S. S. Thompson cashier,
Jno. C. Clark teller, Harry Hibbard ;
book keeper, Miss Agnes Hall clerk,
Geo. P. Ide.
The bank now has surplus of some
$74, 200 and has declared two 3 per
cent. dividends during the year just
closed.
The Merchants National.
The annual meeting of the Mer-
chants National bank was held Tues
day afternoon. 1t was the fullest
meeting ever known in the history of
the bank. OF the 1000 shares all but
l22 were represented either by the
stockholders or proxies.
The first question discussed related
to the new trust company. w. E.
Peck, j. L. Edwards, L. d. Hazen,
Geo. A. Bingham and others argued
that the new bank should be kept en-
tirely separate from the Merchants
bank in every way. The discussion
was an earnest and spirited one and it
was finally voted almost unanimously
to keep the two institutions ALSO
lutely separate. Then came the cleo
ton of directors with this result: w.
E. Peck, L. ID. Hazen, H. E. Folsom,
George Ide, w. P. Fairbanks, w. l..
Pearl, l. M. Smith. All of these re-
ceived substantially the vote of the
stockholders excepting Mr.. Ide, the
contest being between G.. II. A. Hum
phrey, who was a member of the board
last year, and George Ide, who has not
been member for several years. Mr..
Humphrey received 144I votes and Mr..
Ide 2575, and was elected. Mr.. Pearl
returns to the board after an absence
of a year. w. S. Streeter, a former
director, resigned. The directors met
yesterday and completed the organi-
zatiOn as follows:
President, w. E. Peck vice presi-
dent, H. E. Folsom; cashier, w. S..
Strcoter; teller, Herbert w. Allen
book keepers. w. A. Bradley, Nelson
G.. Irish.
This bank now has surplus of some
$4,000 and has declared two 3 per
cent. dividends the past year.
The Passumpsic Savings Bank.
The annual meeting of the stock
holders of the Passumpsic savings
bank was held yesterday afternoon.
There was an unusually large atten-
dance. These officers were elected:
President, Emerson Hall vice pres
ident, Edward A. Walker; treasurer,
VIM. S. BOyntOn book keeper, Chas.
S. Adams; teller, Everett A. Morse !;
trustees, Emerson Hall, Edward A.
Walker, VIM. S. Boynton, Andrew E..
Rankin, Edward F. Brown, Walter P
Smith, Theron M. Howard, Truman
c. Fletcher, Chas. d. Brainerd, Henry
G. Ide, A. B. Noyes. Investing COM
mittee, Emerson Hall, Andrew E. Ran
kin, Henry c. Ide. VIM. S. Boynton,
Edward F. Brown. New corporators
elected: Cloud Harvey, John H. George,
G. G. Bingham, S. j. Hastings. The
only change in the board of trustees is
the election of A. B. NOyes in place of
j. M. AlvOrd, resigned.
A semi-annual dividend of % per.
cent. was declared and $4,000 carried
to surplus, which now amounts to over
$4,000. The July dividend was d
per cent. making dividends for the
year A per cent. The investing COM
mittee meet every Monday. Meeting of
full board of trustees first Monday of
each calendar month.
The Trust Company.
The directors of the st. Johnsbury
savings bank and trust company met
at the Avenue house yesterday. All
the directors were present excepting
e. ID. Brainerd, who has resigned, as he
holds similar position in the Pas
sumpsic bank. Here is the board as
now constituted: j. G. HOvey, Frank
Richie, P. F. Hazen, A. L. Bailey, j.
t. Richie, o. III. Austin, G. P. Blair,